Stocks To Watch Torrent Power: The company has completed acqu | Systematix Group Official

Stocks To Watch

Torrent Power: The company has completed acquisition of 50 MW Solar Power Plant in the state of Telangana with enterprise value of Rs 416 crore. Long-term power purchase agreement for the project is with Northern Power Distribution Company of Telangana for a period of 25 years at a fixed tariff of 5.35 per kWh, with remaining useful life of 20 years.

SREI Equipment Finance: RBI-appointed administrator has found instances of fraud in the company. Total loan amount involved in the fraud stood at Rs 2,512 crore, while notional loss to the company stood at Rs 513.67 crore. The administrator has filed an application with Kolkata NCLT against 14 respondents involved.

WPIL: The company has received an order from the Government of West Bengal for execution of a turnkey project, comprising of commissioning of a clear water reservoir. The contract is valued at Rs 430.87 crore and the same will be completed over a period of 24 months.

Dynamatic Technologies: The company has won the contract to manufacture the Escape Hatch Door for Airbus A220 aircraft. The contract was placed by recently established Stella Aeronautique Canada Inc., a subsidiary of Airbus Atlantic SAS.

Bajaj Finance: The company increased fixed deposit rates by 20 basis points.